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13311 Sherman Way, North Ho...

Steve Fabos Acquires Industrial Property In North Hollywood For $6.3M
SOLDIndustrial

Steve Fabos Acquires Industrial Property In North Hollywood For $6.3M

13311 Sherman Way, North Hollywood, California 91605, United States

$6,300,000

$289/SF

Building Size

21,784 SF

Asset Type

Industrial

Closing

Aug 23, 2022

AI

Located at 13311 Sherman Way in North Hollywood, this industrial property has recently been sold. The transaction took place on 08/24/2022, with a sale price of $6,300,000. The property spans across 21,784 square feet, resulting in a price per square foot of $289.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $6,300,000
  • Address: 13311 Sherman Way
  • Market: North Hollywood
  • Square Footage: 21,784

The buyer, Steve Fabos, acquired the property from the seller, Karine Kanimyan. Representing the buyer was Patrick Long of Stevenson Real Estate. Martin Agnew, Ryan Serling, and David Schatz of Agnew | Serling Group - Marcus & Millichap acted as the seller's representatives in the deal.

Players

David Schatz

Marcus & Millichap

Broker

$20.4M

vol

8 deals

Broker

Steve Fabos

Buyer

$6.3M

vol

2 deals

Buyer

Karine Kanimyan

Seller

$6.3M

vol

2 deals

Seller

North Hollywood Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93